Viper Energy, Inc. (NASDAQ:VNOM) Stock Position Lifted by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its stake in Viper Energy, Inc. (NASDAQ:VNOM) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,426 shares of the oil and gas producer’s stock after buying an additional 1,232 shares during the quarter. Sunbelt Securities Inc.’s holdings in Viper Energy were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock valued at $172,918,000 after buying an additional 1,682,183 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Viper Energy by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock valued at $78,282,000 after acquiring an additional 224,021 shares in the last quarter. Geode Capital Management LLC lifted its stake in Viper Energy by 16.0% in the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock valued at $76,647,000 after acquiring an additional 234,048 shares during the last quarter. Merewether Investment Management LP grew its position in Viper Energy by 22.9% in the third quarter. Merewether Investment Management LP now owns 860,600 shares of the oil and gas producer’s stock worth $38,822,000 after acquiring an additional 160,600 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Viper Energy by 2.6% during the 2nd quarter. TD Asset Management Inc now owns 841,414 shares of the oil and gas producer’s stock worth $31,578,000 after purchasing an additional 21,420 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $51.19 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a market cap of $9.64 billion, a PE ratio of 21.97 and a beta of 1.71. The firm has a fifty day moving average price of $52.44 and a two-hundred day moving average price of $45.80. Viper Energy, Inc. has a fifty-two week low of $30.16 and a fifty-two week high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was down 28.5% on a year-over-year basis. Analysts expect that Viper Energy, Inc. will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s payout ratio is presently 51.50%.

Analysts Set New Price Targets

VNOM has been the subject of several analyst reports. The Goldman Sachs Group began coverage on shares of Viper Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target for the company in a research report on Friday. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Raymond James upped their target price on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $58.27.

Viper Energy Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.